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Oct 7, 2012
10/12
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Feb 14, 2012
02/12
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except juan agrees that he didn't cut the deficit in half. all right? so we have to have one, you know what it is. always one dopey -- don't be that guy, juan. >> complicates matters. >> bill: number two, all right? the president's budget that he gave today, all right? doesn't cut any deficit. it increases the debt by 1.3 trillion. do we all agree? >> yes. we all agree. >> bill: yes, we do. yes, we can. >> we all agree. but you must also think about what exactly are republicans proposing, dr. o'reilly. >> i didn't know they proposed a budget. >> bill: if ron paul is elected. there will be no federal government, juan. everything is gone. we're going to do what the romans did to cartridge. we are going to destroy the capital city and put salt down so nobody else can grow things there. >> he would get credit with me for actually even trying or looking serious about. this he wouldn't have to actually meet the haling the deficit for me. i would like to see him not put forth four straight budgets that do raise the deficit over $1 trillion. i would
except juan agrees that he didn't cut the deficit in half. all right? so we have to have one, you know what it is. always one dopey -- don't be that guy, juan. >> complicates matters. >> bill: number two, all right? the president's budget that he gave today, all right? doesn't cut any deficit. it increases the debt by 1.3 trillion. do we all agree? >> yes. we all agree. >> bill: yes, we do. yes, we can. >> we all agree. but you must also think about what exactly...
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Mar 11, 2018
03/18
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trade deficits are not budget deficits. a trade deficit is the opposite of a capital surplus. we grow when we have trade deficits. maria: so what's the answer then what is the answer to the fact that we are on the losing end. >> we're not. maria: but look you've got $375 billion in deficit with china. >> but again i just told you trade deficits don't have to be repaid. we have trade deficits when the buying power of americans is strong. we grew with trade deficits in the 1980s and the 1990s. peter navarro has no answer for that because nobody ever asked him about it. maria: well what about the fact that china is stealing all of our stuff james? what about the fact that we need to do something to stoop china from acquiring some of the most important industries of the future like ai like robotics what do you do? >> i think the china-specific issue it is a problem and it's a communist dictatorship at the end of the day. their leader now ruling for life the first to have this power, so i think china is a specific case it's a constant problem, we hear it from u.s. executives doing
trade deficits are not budget deficits. a trade deficit is the opposite of a capital surplus. we grow when we have trade deficits. maria: so what's the answer then what is the answer to the fact that we are on the losing end. >> we're not. maria: but look you've got $375 billion in deficit with china. >> but again i just told you trade deficits don't have to be repaid. we have trade deficits when the buying power of americans is strong. we grew with trade deficits in the 1980s and...
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Aug 1, 2012
08/12
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he said he would cut the deficit in half. he's given us the largest deficits. and he called george bush unpatriotic for and irresponsible about, he's given us $5.5 trillion in debt in 3.5 years. george gave us 3 in eight years. >> sean, i can't believe you are mimicking that statistic that the president himself has stopped talking about. he is the biggest spender in american history. he has increased the size of government at the federal level. he has sent moneys to the states and municipalities and have them increase the size of government. he's increased debt and we have people who are still looking for jobs after four years. >> john, when you know that in fact what we are seeing in state and local government is a terrific error of retrenchment. and there's a big drag on the company right now. the private sector is adding jobs. what we are seeing cuts in terms of people that are firefighters, policeman, and that's where the cuts are coming. and so when you talk about added spending, i think what you are referring to is the stimulus. remember, americans got ta
he said he would cut the deficit in half. he's given us the largest deficits. and he called george bush unpatriotic for and irresponsible about, he's given us $5.5 trillion in debt in 3.5 years. george gave us 3 in eight years. >> sean, i can't believe you are mimicking that statistic that the president himself has stopped talking about. he is the biggest spender in american history. he has increased the size of government at the federal level. he has sent moneys to the states and...
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Feb 13, 2013
02/13
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adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest rating "state of the union" in 14 years. people are turned off by politics. all of this talk about the liberal ascendancy and liberals in charge. republicans in disarray. the two most emotional pitches he made were for gun control and immigration reform. on gun control, all he is asking for is a vote. he just wants a vote. on immigration, which is our issue the only way to get it across is if he doesn't get it involved. in a lot of ways the "state of the union" was a tacit position of how weak his position is right now. there were stolen bases and intellectually silly things from the minimum wage stuff on down. but ultimately, it wa
adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest...
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Dec 23, 2017
12/17
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revenues only been growing the last two years when the deficit has grown at 1%. it should be growing at 3-5% during an expansion. this is how we get there. this tax reform. >> i will say first of all i'd like to congratulate chuck on his new show animal planet everybody liked that. >> [laughter] >> going to be amazing. >> i'd also like to say look i'm for this corporate tax cut but bottom line is it's a 15% move in the wrong direction on the deficit. yes we needed a corporate tax rate similar to other countries for cop pet eever reasons but it's only half the game. these other countries have other taxes to make up for lower corporate taxes. germany is running a surplus and we're going in the hole because we're not in a recession we should be doing the same thing. it's not because they have low corporate taxes but because they have a near 20% value-added tax and we'll have to have the taxes on the other side of these other countries if we have a corporate tax rate similar to other countries that's what we move into next in addition to cutting entitlements as well
revenues only been growing the last two years when the deficit has grown at 1%. it should be growing at 3-5% during an expansion. this is how we get there. this tax reform. >> i will say first of all i'd like to congratulate chuck on his new show animal planet everybody liked that. >> [laughter] >> going to be amazing. >> i'd also like to say look i'm for this corporate tax cut but bottom line is it's a 15% move in the wrong direction on the deficit. yes we needed a...
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Jan 14, 2013
01/13
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the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second, about a couple of critsims. one longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular. that you don't socialize enough. and the second, more recent criticism that your team taking shape knit diverse, isn't as diverse as it could be or even was in terms of getting additional voices, gender, race, ethnic diversity. i would like you to address both of those. >> let me take the second one first. you know, i'm very proud in the first four years we had as di
the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second,...
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Jan 2, 2013
01/13
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to run the $1 trillion deficit next year. republicans might make a difference on the margin, but they need to think ahead of time. what are they going to ask for at the end of february when the tet ceiling and the sequest every run out and continuings out in march as well? they can ask for the spending cut. look at regulatory situation. we want the economic growth. at the end of the day, the president is not solving the debt and deficit problem. we can emeal rate the problem and the next president can get serious. economic growth and regulatory relief, postponing obamacare for a year or two. there are proposals to suggest that would be hard for president to say why isn't that a good idea in slowing economy? >> you think the president is going to sign on to slow obamacare? >> if he doesn't, fine. they can't implement it anyway. the democratic governors say they are not ready to set up exchanges. you'd do a favor to put it off a year or two. save a lot of money. let the president explain it's so you are jeny thatm bah bam carri
to run the $1 trillion deficit next year. republicans might make a difference on the margin, but they need to think ahead of time. what are they going to ask for at the end of february when the tet ceiling and the sequest every run out and continuings out in march as well? they can ask for the spending cut. look at regulatory situation. we want the economic growth. at the end of the day, the president is not solving the debt and deficit problem. we can emeal rate the problem and the next...
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Sep 30, 2017
09/17
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the deficit as a percentage of the economy was smaller. i mean the economy grew tremendously under reagan so you have to look at it. it's like saying you've got a thousand dollars of debt. i've got a thousand dollars of debt but you make $10 million and i make $200. i mean that's the difference a year. >> i'd love to make $10 million. >> that's the slight of hand that ben is using and a lot of people who attack president reagan. i will say this though and i agree with ben on this . this is probably not going to get done because charles schumer does not play ball. that is the biggest, that is the most funny thing i've ever heard that charles schumer is a ball player. >> neil: republicans are banking on him not playing ball. by the way do you know what else he is. he's a really good minority leader of the senate and he keeps regular order within his troops. >> but i bet he prevents those guys. >> amy: in fairness to mr. schumer which i rare liam, but there is an argument for him being the new york state senator >> neil: you don't have a sign
the deficit as a percentage of the economy was smaller. i mean the economy grew tremendously under reagan so you have to look at it. it's like saying you've got a thousand dollars of debt. i've got a thousand dollars of debt but you make $10 million and i make $200. i mean that's the difference a year. >> i'd love to make $10 million. >> that's the slight of hand that ben is using and a lot of people who attack president reagan. i will say this though and i agree with ben on this ....
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Feb 13, 2013
02/13
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in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter ts priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one question. do you believe him that his policies will not add to the deficit? do you believe it?. >> no. no. >> why don't you believe it?. >> look at the deficit. it keeps growing spiralling out of control continuing to grow. i don't see evidence it's going the other way. >> he made a commitment it won't go up. >> he's got to come up with it. >> he said $3,000 for people to refinance their homes we'd get a tax break for that. but he didn't tell us where it's going to come from. >> i believe he is believing what he wants to do. and he wa
in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter ts priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one...
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May 4, 2022
05/22
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deficit is not going down. the amount of deficit might go down a lgt bit because we are in a pandemic when the last year of president trump so we don't have all that excess spending right now. deficit is not going down. joe biden and the democrats want to spend every dollar they can. his plan takes the debt of this country from $30 trillion to $45. tell me how we will pay for that. interest rates. over 3% today. how will we pay for this? we only collect $4 trillion in federal revenues right now. the deficit at 30. now it's almost $900 billion in interest expense. i don't know how you can pay for this stuff. think about this. democrats won't fix deficit spending or medicare or social security. and they just have massive spending just constant massive spengd. we talk about a china bill $250 billion with no return to the american public. this has got to stop. inflation will not stop until we balance the budget. we get people back to work, we figure out how do you reduce inflation? create more competition, reduce t
deficit is not going down. the amount of deficit might go down a lgt bit because we are in a pandemic when the last year of president trump so we don't have all that excess spending right now. deficit is not going down. joe biden and the democrats want to spend every dollar they can. his plan takes the debt of this country from $30 trillion to $45. tell me how we will pay for that. interest rates. over 3% today. how will we pay for this? we only collect $4 trillion in federal revenues right...
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Feb 14, 2012
02/12
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deficits don't matter too much. since spending year could choke off recovery. >> at a time they are creating at faster clip. they need to do everything to keep it on track. >> there was an annual $1.3 trillion deficit when the president took office, he unveiled a budget predicting this year's deficit will stay above a trillion dollars for the fourth straight year. far cry from the first 100 days. >> today i'm pledging to cult the deficit in half by the end of my first term in office. this won't be easy. >> cutting the original deficit in half would mean getting it to $650 billion. not in this year's budget. this budget reach $1.33 trillion. next year's budget would fall, it is assuming $1.5 trillion in new revenue based on proposed tax increases the republicans have no plans to support. >> it's not dead on arrival. it's debt on arrival. that is what we are seeing. this is an ambush budget. >> the white house says the president's budget would achieve $4 trillion in deficit reduction. while still creating jobs short-t
deficits don't matter too much. since spending year could choke off recovery. >> at a time they are creating at faster clip. they need to do everything to keep it on track. >> there was an annual $1.3 trillion deficit when the president took office, he unveiled a budget predicting this year's deficit will stay above a trillion dollars for the fourth straight year. far cry from the first 100 days. >> today i'm pledging to cult the deficit in half by the end of my first term in...
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Jul 22, 2011
07/11
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agree to raise the debt ceiling without a deficit reduction agreement. something that republicans are reluctant to do. >> chris: we have been getting reporting from the house producer chad pegram, wendell, and he indicates one of the hold-up apparently is the gang of six, the six bipartisan, three republican, three democratic senators came out with their report this week which had revenue about $1 trillion in revenue that would be added. this was different from the plan that was being negotiated between the president and speaker boehner. and that caused a whole new set of disagreement, and that let speaker boehner in the last half hour to announce that he is breaking off the talks. >> reporter: there were different measures how much each plan would save. in fact, democrats and republicans differed about each other figures. with time running out, i would imagine that speaker boehner decided to take his chances with senate republicans and democrats. he said that there is some agreement across the party lines within the senate. it may be, however, that the
agree to raise the debt ceiling without a deficit reduction agreement. something that republicans are reluctant to do. >> chris: we have been getting reporting from the house producer chad pegram, wendell, and he indicates one of the hold-up apparently is the gang of six, the six bipartisan, three republican, three democratic senators came out with their report this week which had revenue about $1 trillion in revenue that would be added. this was different from the plan that was being...
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Oct 4, 2012
10/12
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 5, 2013
10/13
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but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington. it's ideological. >> we don't have an urgent deficit crisis. how many agree with that? two. 16.7 trillion dollars in debt. $90 trillionle in unfunded liabilities. guess who's going to pay it off? what do you think? >> i'm really disappointed in the president, especially on the issue of obama care. he said it would decrease costs and actually at uva this year, this week they said actually next year they will have to cut $7.3 million from the uva health insurance plan because of the increaseded costs that come with implement ing baobama care. i'm outraged that this thing the and congress promised would be beneficial to americans and help decrease health care costs are actually increasing t it. and the burden of the huge debt will be on our generation. >> adam, democrat, notre dame. how did you get to notre dame? >> i worked hard in high school. >> good for you. >> hard work, individual responsibility. don't re-eli on othe
but we don't have an urgent deficit crisis. the only crisis we have is one that's manufactured in washington. it's ideological. >> we don't have an urgent deficit crisis. how many agree with that? two. 16.7 trillion dollars in debt. $90 trillionle in unfunded liabilities. guess who's going to pay it off? what do you think? >> i'm really disappointed in the president, especially on the issue of obama care. he said it would decrease costs and actually at uva this year, this week they...
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Mar 11, 2019
03/19
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a record trade deficit. a week jobs report and a trade deal with china now in doubt. >> we don't make a very good deal for our country, i wouldn't make a deal. chris: this hour, will discuss the presidents economic policies. tax cuts, tariffs and talks with china. and the chief economic white house advisor only on "fox news sunday". >> the democrats have become anti-israel party. they have become anti-jewish party. chris: democrats divided over how to handle a congress woman's comments about support for israel. >> i do not believe that she understood the full weight of the words. chris: will ask if the party can come back together. plus. >> they met with cohen, they were clearly trying to devise how to rollout a new peer-to-peer. chris: michael cohen close by democrats ahead of testimony before congress. freshman democrat katie hill joins us. plus, democrats exclude fox news from hosting any 2020 primary debates. we will ask our sunday panel whether the move will help or hurt the party. and our power player
a record trade deficit. a week jobs report and a trade deal with china now in doubt. >> we don't make a very good deal for our country, i wouldn't make a deal. chris: this hour, will discuss the presidents economic policies. tax cuts, tariffs and talks with china. and the chief economic white house advisor only on "fox news sunday". >> the democrats have become anti-israel party. they have become anti-jewish party. chris: democrats divided over how to handle a congress...
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Feb 14, 2013
02/13
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without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not sign a plan that adds one dime to our deficit. >> the only way we can do that. >> it will not add one dime to our deficit. >> and washington started taking responsibility for every dime, it doesn't add a dime to our deficit. >> 58.6 trillion dimes, mr. levin. >> you know, i would say to the president, why do you keep lying? why do you keep lying to the american people, a castro-like speech last night albeit in english, lie after lie after lie i'll tell you why you keep lying because your record stinks. 23 million people are unemployed. real unemployment is almost 15%. you didn't say any of this in your long speech last night. one
without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not...
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Oct 21, 2022
10/22
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for americans, the deficit could not be clearer. we don't have to take their -- my word for it what they are for. they've laid out a plan, very clearly, congressional republicans say and you all know this, their number one priority is repeal the inflation reduction act. here is what that means. if they get their way and the power we just gave medicare to begin to negotiate lower prescription drugs goes away, gone. if they get their way, the $2,000 cap on prescription drug costs that take effect next year. any senior would have to pay no matter what the drug costs are of $2,000 goes away, gone. the $35 a month cap on insulin take takes effect next year, folks on medicare, gone. the savings on healthcare premiums of $800 a year for millions of americans under the affordable care act gone. and, of course, they are still determining to repeal the affordable care act which means an end to the protections for tens of millions of people who cannot afford health insurance because they have a pre-existing condition. let's remember that. talk
for americans, the deficit could not be clearer. we don't have to take their -- my word for it what they are for. they've laid out a plan, very clearly, congressional republicans say and you all know this, their number one priority is repeal the inflation reduction act. here is what that means. if they get their way and the power we just gave medicare to begin to negotiate lower prescription drugs goes away, gone. if they get their way, the $2,000 cap on prescription drug costs that take effect...
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Jun 6, 2012
06/12
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a $3.6 billion deficit turned it into a $150 million surplus. are you confident that that message got sent to the voters? are they aware of the success? >> sean, we have left it all on the field. we have contacted more voters this time around than we did in the 2010 campaign. and we have been sharing that message with the voters. it's a very positive message of wins for all of wisconsin, not political victories, but good things for the taxpayers and the hard-working family, closing the budget deficit without raising taxes, making sure that our families and job creators are doing so well, we will have a $154 million surplus at the end of our biennial budget. these are all things that all of wisconsin owns, good things, victories for everyone in our state. >> sean: let me ask you this. first of ail, we have heard about voter irregularities in different parts of the state. this may be hyped up because emotions are running high. have you heard the reports today? >> you know, just from the media. i have not seen anything firsthand. that's why our dep
a $3.6 billion deficit turned it into a $150 million surplus. are you confident that that message got sent to the voters? are they aware of the success? >> sean, we have left it all on the field. we have contacted more voters this time around than we did in the 2010 campaign. and we have been sharing that message with the voters. it's a very positive message of wins for all of wisconsin, not political victories, but good things for the taxpayers and the hard-working family, closing the...
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Jan 2, 2013
01/13
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the fact is that the deficit is still too high. and we're still investing too little in the things we need for the economy to grow as fast as it should. that is why speaker boehner and i tried to negotiate larger agreement that's would put this country on a path to paying down debt, while also putting americans back to work rebuilding roads and bridges and providing investments in areas like education and job training. unfortunately, there just wasn't enough support or time for that kind of large agreement in lame duck session of congress. that failure come was a cost. as the needs for the process over several weeks made business more uncertain. and consumers less confident. but, we're continuing to chip away at this problem. step by step. last year, i signed into law $1.7 trillion in deficit reduction. tonight's agreement further reduces deficit by raising $620 billion in revenue from the wealthyest households in america. and there will be more deficit reduction as congress decides what to do about the automatic spending cuts that
the fact is that the deficit is still too high. and we're still investing too little in the things we need for the economy to grow as fast as it should. that is why speaker boehner and i tried to negotiate larger agreement that's would put this country on a path to paying down debt, while also putting americans back to work rebuilding roads and bridges and providing investments in areas like education and job training. unfortunately, there just wasn't enough support or time for that kind of...
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Feb 21, 2014
02/14
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this is a guy who ran $4 trillion of deficit in three years and the deficit that he now touts as the austerity is the highest, higher than any deficit in the history of the country preceding him. so this is a free spending administration, and the only reason it's been reduced is because he went from three times the highest deficit in history. when you start at that point, of course, everything is a reduction. >> congressman tom price on chain cpi and the importance of making these steps. >> the estimates on the chain cpi are if it's included for simply social security, that it would save about $160 billion over ten years. if we expand it to other programs within the federal government on the mandatory side, then its potential would save another $140 billion. you can get in the $300 billion range, which is a down payment on solving the challenges that we have. it doesn't solve them. >> i mean, it's really in the big picture, a teaspoon in the ocean of the issue here. and yet the yelling and screaming that you get over chain cpi is pretty amazing. >> it's not an entitlement reform, as
this is a guy who ran $4 trillion of deficit in three years and the deficit that he now touts as the austerity is the highest, higher than any deficit in the history of the country preceding him. so this is a free spending administration, and the only reason it's been reduced is because he went from three times the highest deficit in history. when you start at that point, of course, everything is a reduction. >> congressman tom price on chain cpi and the importance of making these steps....
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Aug 24, 2019
08/19
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george bush ran deficits, barack obama ran historic deficits. i'm asking you a question. try not to answer with trump for a minute. you are an economist. i'm asking you a question. i don't care if trump did it, bush did it, or obama did it, if the democrats are going to run on spending even more money, do they believe deficits don't matter anymore? >> a, that's not what they are running on. 19 people wanting to have a debate about climate change only and it was voted down with the dnc meeting. so there is no sense in which the premise of your question is even accurate. the democratic party is not lurching far to the left. they voted down the very thing that you are describing. >> dan: what planning are you living on? bizarro superman land? we have presidential candidates, credible ones, raise their hand supporting health care for illegals, medicare for all, you bernie sanders supporting free education, i mean, did you miss all of this stuff? >> packing the court. there were 24 candidates, and you can choose bernie sanders one proposal that three people raise their hands.
george bush ran deficits, barack obama ran historic deficits. i'm asking you a question. try not to answer with trump for a minute. you are an economist. i'm asking you a question. i don't care if trump did it, bush did it, or obama did it, if the democrats are going to run on spending even more money, do they believe deficits don't matter anymore? >> a, that's not what they are running on. 19 people wanting to have a debate about climate change only and it was voted down with the dnc...
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May 12, 2014
05/14
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everybody knows that social security is in deficit. the treasury makes it up and therefore it contributes to the deficit. geithner knows that and therefore he wasn't prepared to say an outright lie, an obvious arimethic lie. you simple say we're not going to touch social security come hell or high water. you don't have to atouch a lie to it in order to send a dog signal and that shows a level of send six that i believe is somewhat unusual for administrations and i agree with steve, it carries over to other instances when obama said you will not lose your plan, you can keep your plan, period, he knew, he absolutely knew that wasn't true, because it wasn't -- it was a meeting with republicans in blair house early on in the debate in which he essentially admitted that and then later when it wasn't a convenient fact, he denied it. >> quickly, mara, is this white house pretty sick of former cabinet secretaries writing books? >> yeah, probably. although i don't think this book does a tremendous amount of damage to the white house. maybe the
everybody knows that social security is in deficit. the treasury makes it up and therefore it contributes to the deficit. geithner knows that and therefore he wasn't prepared to say an outright lie, an obvious arimethic lie. you simple say we're not going to touch social security come hell or high water. you don't have to atouch a lie to it in order to send a dog signal and that shows a level of send six that i believe is somewhat unusual for administrations and i agree with steve, it carries...
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Feb 12, 2018
02/18
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deficit for the years after that. there's always a reason.in other words, you say it's the democrats fault. obama might have said is the republicans fault and the recession bottom line, isn't president president trump the big spender now? >> we will have larger deficits this year which is true. then you say forever and ever. >>chris: 2019. >> that's correct and that is close to being accurate. we haven't had a chance to completely integrate the numbers from days ago to what we were working on last week. when we go out the budget on monday you will see how we can avoid that future. the budget doesn't bend the trajectory down. it does get us away from $1 trillion deficit. just because this deal was signed doesn't mean the future is written in stone. we have a chance to change this trajectory and that's what the budget will show tomorrow. >>chris: i sympathize with you because you were writing a federal budget. that accommodated thing. it was going to be released tomorrow and now on friday, the president signs a bill tha
deficit for the years after that. there's always a reason.in other words, you say it's the democrats fault. obama might have said is the republicans fault and the recession bottom line, isn't president president trump the big spender now? >> we will have larger deficits this year which is true. then you say forever and ever. >>chris: 2019. >> that's correct and that is close to being accurate. we haven't had a chance to completely integrate the numbers from days ago to what we...
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Mar 3, 2014
03/14
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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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Dec 5, 2017
12/17
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we have trade deficits with everybody. virtually every country in the world, we have trade deficits with them. that will be changing. it's already changing, but it will be changing fast. we want china and brought back over $300 billion worth of contracts from asia. it was a very successful trip. now we will look at nafta very, very seriously. we have gary cohen, and we're starting to negotiate. not easy with an election. i will be successful. we are talking about trade. we'll be talking about health care. we'll be talking about other subjects. the taxes, we are so thrilled about, so popular, and i think some things are going to be coming out a conference pretty quickly as opposed to long-term. i think it will go up very. we are all in the same page. great spirit and the republican party. a lot of people have said they've never seen it before. they'd never seen anything like this, the community. i think a lot of very good things are going to happen. it will happen very fast. i want to think you all for being here, let's hav
we have trade deficits with everybody. virtually every country in the world, we have trade deficits with them. that will be changing. it's already changing, but it will be changing fast. we want china and brought back over $300 billion worth of contracts from asia. it was a very successful trip. now we will look at nafta very, very seriously. we have gary cohen, and we're starting to negotiate. not easy with an election. i will be successful. we are talking about trade. we'll be talking about...
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Nov 21, 2011
11/11
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this approach to reducing the deficit. a report where everyone gets a little bit and does their fair share is supported by an overwhelming majority of americans. democrats, independents, and republicans. supported by experts and economists. from all across the political spectrum. to their credit, many democrats in congress were willing to put the politics aside and commit to reasonable adjustments that would have reduced the cost of medicare. as long as they were part of a balanced approach. despite the broad agreement that exists for an approach, republicans in congress refused to listen to voice of reason and compromise coming from outside of washington. they insist on protecting tax cuts for wealthiest 2% of americans at any cost. even if it means reducing the deficit for deep cut for education and medical research. at this point they won't budge from the negotiating position. so far, that refusal continues to be the stumbling block that prevented congress from reaching an agreement to further reduce the deficit. we are
this approach to reducing the deficit. a report where everyone gets a little bit and does their fair share is supported by an overwhelming majority of americans. democrats, independents, and republicans. supported by experts and economists. from all across the political spectrum. to their credit, many democrats in congress were willing to put the politics aside and commit to reasonable adjustments that would have reduced the cost of medicare. as long as they were part of a balanced approach....
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Nov 7, 2017
11/17
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deficits didn't grow with him. the first two years were high because we phased in the tax cuts and had no growth whatsoever. once we started getting the growth, the revenues increased dramatically. >> neil: what you and i -- i'm trying to egg you on. >> i can feel the poke. >> neil: one of the things i noticed, more revenue comes in, if you see that from tax cuts -- history bears that out, whether republicans or democrats, they will spend the revenue. there's little opportunity and moments for republicans to address this. even tepidly trying to get a hand on spending what did you make of that? >> i make it that republicans are just ashamed of being themselves and get over it a and realize they're a party of growth. cut taxes, cut spending and do that and you'll have great economy and that's the way it will go. but no, no, no -- >> neil: why do they get these watered down and the criticism that they're playing on defense and trying to win over democrats, tried to stick to it the rich guys like yourself and tried to
deficits didn't grow with him. the first two years were high because we phased in the tax cuts and had no growth whatsoever. once we started getting the growth, the revenues increased dramatically. >> neil: what you and i -- i'm trying to egg you on. >> i can feel the poke. >> neil: one of the things i noticed, more revenue comes in, if you see that from tax cuts -- history bears that out, whether republicans or democrats, they will spend the revenue. there's little...
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May 20, 2012
05/12
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they don't even pay for a fifth of his proposed deficit spending. we are saying get economic growth by lowering tax rates and plug loopholes. you bring more revenues into the government but you have to deal with spending. under the obama budget the debt goes up 76%. if we just did nothing the debt would go up 78%. this is economic stagnation. the president has punted. we are going to lead and what to do is clear the partisan obstacles and get new leadership in washington and grow the economy and pay off this debt. >> chris: we have to leave it there. i do d. not think we were going to set this will today. we did not. it was a useful debate. thank you so much for coming in and talking about what is the central issue in this campaign. thank you both. >> thanks, chris. >> thank you. >> chris: up next an update on the president's weekend and summit meetings with world leader. and we will ask our panel what can be done about the economic crisis in europe. [ male announcer ] the inspiring story of how a shipping giant can befriend a forest may seem like t
they don't even pay for a fifth of his proposed deficit spending. we are saying get economic growth by lowering tax rates and plug loopholes. you bring more revenues into the government but you have to deal with spending. under the obama budget the debt goes up 76%. if we just did nothing the debt would go up 78%. this is economic stagnation. the president has punted. we are going to lead and what to do is clear the partisan obstacles and get new leadership in washington and grow the economy...
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Oct 1, 2017
10/17
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we need to have new deficits because of that. we need to have the growth, chris, if we simply look at this as being deficit neutral you will never get tax reform and tax deduction that is you need to sustain 3% economic growth. we really do believe that the tax code is what's holding back the american economy. the reason we have been growing at 1.8% for the last eight, ten years which is way below historical average is in large part because of tax code. it is important to us to get the biggest, broadest tax reduction, tax cut, tax reform that we can possibly get because it's the only way we get back to 3% growth. that's what's driving all of this. how do you get the american economy back on the historical growth rate of 3% and out of these 1.8 and 1.9 in the previous administration. chris: i want to pick up on this because some of your fellow colleagues and the trump administration are not just saying that it's going to unleash massive growth, they are saying more than that. here is treasury secretary steve mnuchin. >> $2 trillio
we need to have new deficits because of that. we need to have the growth, chris, if we simply look at this as being deficit neutral you will never get tax reform and tax deduction that is you need to sustain 3% economic growth. we really do believe that the tax code is what's holding back the american economy. the reason we have been growing at 1.8% for the last eight, ten years which is way below historical average is in large part because of tax code. it is important to us to get the biggest,...
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Oct 1, 2017
10/17
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we need to have new deficits because of that. we need to have the growth, chris, if we simply look at this as being deficit neutral you will never get tax reform and tax deduction that is you need to sustain 3% economic growth. we really do believe that the tax code is what's holding back the american economy.
we need to have new deficits because of that. we need to have the growth, chris, if we simply look at this as being deficit neutral you will never get tax reform and tax deduction that is you need to sustain 3% economic growth. we really do believe that the tax code is what's holding back the american economy.
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Aug 22, 2012
08/12
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while the federal deficit continues to surge out of control. on pace to hit $1.1 trillion this fiscal year. that poses a major survival issue for a president. coming up for re-election in less than 11 weeks. chief white house correspondent ed henry reports. >> it's good to be back in nevada. >> four more years! >> reporter: as president obama made his case in another key battleground -- >> the fact is that everything i've done has been focused on how we rebuild that strong middle class. >> back in washington, much harsher verdict of the fiscal mess. congressional budget office protecting a president who vowed to cut the deficit in half will see it exceed $1 trillion for the fourth straight year. >> we don't know how long it can go on for. if leaders fail to stop massive tax increases and automatic spending cuts at the end of the year, there will be short-term deficit relief but it could spark another recession. >> if allowed to occur, the sharp reduction in taxes and -- in central spending and increases in taxes will lead to a dramatic reductio
while the federal deficit continues to surge out of control. on pace to hit $1.1 trillion this fiscal year. that poses a major survival issue for a president. coming up for re-election in less than 11 weeks. chief white house correspondent ed henry reports. >> it's good to be back in nevada. >> four more years! >> reporter: as president obama made his case in another key battleground -- >> the fact is that everything i've done has been focused on how we rebuild that...
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Mar 8, 2014
03/14
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these were good times with low budget deficits, ultimately. gary's point, it would make sense if they take our money spend a it, it's a question of are we going to borrow it and head down the green path? if you have to choose between funding the government spending with our tax revenue and borrow money, ideally, again, they have cut the spending and the taxes. that's not reality. european when it will happen. i don't know when they will do that. you can point out when the economy did well. there was a proportional spending cut. i don't know if that ever happened before. it's always widened. >> i disagree. you are saying when i spend a dollar, it's the same as the government spending a dollar. this is not accurate. study after study has shown the multiplier from the government spending. >> i agree with you. all i'm saying is they're going to spend the dollar anyway. are they going to borrow with somebody else or pay with it with tax revenue? that's the only choice. >> we are in agreement. they need to reduce spending. i think the way to -- we'r
these were good times with low budget deficits, ultimately. gary's point, it would make sense if they take our money spend a it, it's a question of are we going to borrow it and head down the green path? if you have to choose between funding the government spending with our tax revenue and borrow money, ideally, again, they have cut the spending and the taxes. that's not reality. european when it will happen. i don't know when they will do that. you can point out when the economy did well....
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Mar 10, 2019
03/19
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about the budget deficits and so forth. chris, my view and i believe the view of the administration, we are going to point a steady path towards lower federal spending and federal borrowing as a share of the economy. share of gdp. it lowers the burden -- spewing the deficit increased an enormous amount in the first couple months of this fiscal year i think 70 percent. >> will run about four and half to five percent gdp. it's a very modest number compared even with recent past and -- spewing $1 trillion. >> perhaps obit the economy is $20 trillion. net worth today, household net worth is $1 trillion. i don't think it's -- hear something, let's go to financial markets. you have a 10 year treasury bond right now about 2.63 i think it closed on friday. if markets were overwhelming the word about the budgets and spending and deficit, you would see the interest rate rise and it will be a greater penalty. i don't see it right now and again, a long run, we do want to reduce the burden of spending and borrowing. absolutely. but alwa
about the budget deficits and so forth. chris, my view and i believe the view of the administration, we are going to point a steady path towards lower federal spending and federal borrowing as a share of the economy. share of gdp. it lowers the burden -- spewing the deficit increased an enormous amount in the first couple months of this fiscal year i think 70 percent. >> will run about four and half to five percent gdp. it's a very modest number compared even with recent past and --...
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Feb 8, 2018
02/18
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with this new deal the deficit in 2019 will be $1.1 trillion. we are back to the obama days and trillion dollar deficits with this program. to make it even bigger in a historical sense, because there is no fiscal discipline, congress basically imposed a limit on itself with this budget cap. saying you can't spend more money. what they've done is they've blown up the 2011 budget control act and blown up budget caps. at least for the next two years there are no limits on spending. they say it's going to be at least a $1 trillion deficit in 2019. >> harris: republicans are getting a great deal of criticism within their own part party. $300 billion over the next couple of years to pay for raising the cap in certain areas is something that is unpalatable for some conservatives. i'm sure you heard him saying look, on the senate side he says the democrats are holding the military spending hostage on this nonmilitary spending. you got to kind of capitulate to get it done, i am putting a word in his mouth there. >> i think it's a bit of a cop out. there
with this new deal the deficit in 2019 will be $1.1 trillion. we are back to the obama days and trillion dollar deficits with this program. to make it even bigger in a historical sense, because there is no fiscal discipline, congress basically imposed a limit on itself with this budget cap. saying you can't spend more money. what they've done is they've blown up the 2011 budget control act and blown up budget caps. at least for the next two years there are no limits on spending. they say it's...
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Jun 21, 2012
06/12
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that says we need to reduce our deficits so the cuts go to reduce deficit and the additional revenue goes to deficit reduction and our argument has been we need a balanced approach because if you say from the beginning you are not going to get one penny of additional revenue it means you have to whack everyone else hard irso you have to transfer more costs to seniors on medicare. median income is $23,000. >>neil: you think we are closer to something this >>guest: i'm not sure we are. grover norquist may be able to report on his meeting but the reality is, neil, 98 percent of house republicans have signed a pledge and under the interpretation of the pledge, if you close one tax loophole or get rid of one subsidy you cannot use that dollar to reduce the deficit. under the prejudice. that is a violation of pledge. hopefully maybe increase deficit will be changing his interpretation. >>neil: thank you, congressman, all good do see you. >>neil: the backdrop is a down day on the dow, 250 points to 12,573 with financial issues among the strongest hit today, those are banging issues and insu
that says we need to reduce our deficits so the cuts go to reduce deficit and the additional revenue goes to deficit reduction and our argument has been we need a balanced approach because if you say from the beginning you are not going to get one penny of additional revenue it means you have to whack everyone else hard irso you have to transfer more costs to seniors on medicare. median income is $23,000. >>neil: you think we are closer to something this >>guest: i'm not sure we...